Moneycontrol : 2024Pro Panorama | Is the banking party finally over?

Moneycontrol :2024 Pro Panorama | Is the banking party finally over?


India’s listed banks have reported stellar growth in profits quarter after quarter for the past four years. Most bank chiefs have indicated a healthy outlook for FY25 too, albeit acknowledging the pressure on margins and the fight for deposits.

But shares of banks have been big underperformers when compared to the broad market indices. The Nifty has gained roughly 25 percent over the past one year, but the banking index has crawled about 10 percent. This is despite public sector banks notching historic gains on the back of record improvement in their return ratios. Indeed, the Nifty PSU Bank index has clocked a colossal 79 percent gain.

The culprits are private sector banks. Once the apple of investors’ eyes, private sector lenders have become laggards in almost all metrics. Emkay Global’s head of research Seshadri Sen brings out this trend in a report aptly titled “Waiting for Godot: the elusive turnaround”. Sen points out that private sector banks are “ex-growth” and no longer belong in the growth stocks group. These lenders face headwinds in revenues, profits and even book value per share over the next one year.

Moneycontrol Pro Panorama is a newsletter specifically for subscribers of Moneycontrol Pro, a premium service offered by Moneycontrol, a popular Indian financial website. Here’s a breakdown of what Moneycontrol Pro Panorama offers:

  • Market Day Delivery: The newsletter is typically sent on market days in India, which excludes weekends and holidays.
  • Content Curation: It provides easy access to curated stories published on Moneycontrol Pro. This means it highlights articles that the Moneycontrol Pro team considers valuable for investors.
  • Context Setting: Beyond just highlighting stories, Moneycontrol Pro Panorama goes a step further by providing context or insights on a specific event or current trend relevant to the market. This additional information helps investors understand the bigger picture and make informed decisions.

Overall, Moneycontrol Pro Panorama serves as a valuable resource for subscribers by delivering relevant investment news and insights directly to their inbox.

Unfortunately, since the newsletter is exclusive to Moneycontrol Pro subscribers, the specific content of each edition wouldn’t be publicly available.

Leave a Comment